How the clearing of over-the-counter transactions through CCPs has affected risks in the financial system?

This part focus on a new area of risk and will require some research: “How the clearing of over-the-counter transactions through CCPs has affected risks in the financial system? Has this reform enhanced financial stability? And risk transformation?” Your answer to this part should be no longer than 1000 words plus references. You may find it useful to consult the “Current issues in financial markets” section of the FRM readings: https://www.garp.org/#!/frm/readings/required At least 5 references.